Available as a standalone solution or as an add-on to Syn∽Finance, Syn∽FTT is designed specifically for calculating, reporting and paying global financial transaction taxes. This gives you the ability to process FTT across business lines, asset classes and regions.
- True STP capabilities
- Task driven role based workflow
- Intelligent exception management
- Easily interface with and validate trade data from multiple sources.
- Configurable rules to identify tax or exemption applicability
- Rule driven charge schedules for correct tax rate application
- Flexible trade netting per tax country, to allow optimization by client of firm
- Reprocessing capabilities to correctly apply amendments
- Declarations formatted by custodian and reporting agent
- Reconciles tax taken vs tax paid (market and client side)
- Run global tax operations, across business lines, across regions in one system
- Easy deployment via a URL and Browser means that your IT resources do not need to spend time installing or updating software
From analysing Trade FTT applicability through to declaration and rebate processing, Syn~FTT provides the complete solution with "Out of the box" FTT calculations and rules for quick delivery.